Brazilian state-owned company Petrobras reported a third oil discovery in the deep-water area FZA-M-59 off the coast of Amapa state, Reuters reports. To assess the commercial viability of production in the environmentally sensitive area of the equatorial margin, the company plans to drill three more exploration wells. Petrobras CEO Magda Chambriard said the corporation is also awaiting licenses to drill seven more wells in the area.